Commerce Bank Trims Position in Emerson Electric Co. (NYSE:EMR)

Commerce Bank lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 744,848 shares of the industrial products company’s stock after selling 11,875 shares during the quarter. Commerce Bank’s holdings in Emerson Electric were worth $72,496,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EMR. Norges Bank purchased a new stake in Emerson Electric in the fourth quarter worth about $764,604,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of Emerson Electric by 255.5% in the third quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock worth $270,771,000 after acquiring an additional 2,015,232 shares during the period. Nordea Investment Management AB boosted its stake in shares of Emerson Electric by 26.5% in the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after acquiring an additional 1,558,903 shares during the period. Schroder Investment Management Group boosted its stake in shares of Emerson Electric by 211.7% in the third quarter. Schroder Investment Management Group now owns 2,003,099 shares of the industrial products company’s stock worth $193,439,000 after acquiring an additional 1,360,477 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Emerson Electric by 16.9% in the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after acquiring an additional 1,184,202 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Robert W. Baird dropped their price target on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Citigroup increased their price target on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Finally, KeyCorp increased their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.56.

Emerson Electric Trading Down 1.5 %

Shares of NYSE EMR traded down $1.71 during midday trading on Thursday, hitting $112.97. The company’s stock had a trading volume of 929,933 shares, compared to its average volume of 2,744,207. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $111.72 and its two-hundred day moving average is $101.76. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $116.76. The firm has a market cap of $64.63 billion, a P/E ratio of 6.14, a price-to-earnings-growth ratio of 1.90 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, equities research analysts expect that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.525 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.10 annualized dividend and a yield of 1.86%. Emerson Electric’s payout ratio is currently 11.24%.

Emerson Electric Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.